Executive Director, Fixed Income Quantitative Research

PGIM • Newark, NJ

8d

About The Position

The Quantitative Modeling and Strategies (QMS) Group in PGIM Fixed Income is looking to add an Executive Director to oversee the research and development of portfolio construction and risk management models and tools. The group is an integral part of the investment organization, contributing to areas such as: portfolio construction, systematic strategies, fixed income relative value and stochastic modeling. We work closely with portfolio managers and traders as well as with colleagues in risk management, structured finance research, and application development.

Requirements

• 10+ years of experience in fixed income quantitative research (buy-side preferred).
• An advanced degree (PhD preferred) in a quantitative field (e.g., science, mathematics, finance, or engineering).
• Ability to think both strategically and tactically.
• An entrepreneurial spirit with a hands-on management style.
• Ability to work closely with desk heads and portfolio managers.
• Proven experience leading the design of analytical solutions in a fixed income asset management environment.
• Ability to communicate complex concepts clearly, concisely, and logically.
• Familiarity with technology, data, and programming, and their impact on modelling approaches.
• Significant experience in portfolio construction models and/or systematic strategies, as well as risk management modelling in a fixed income context.
• Experience with at least three relevant asset classes, including but not limited to: interest rate products, futures, FX derivatives, investment grade (IG) and high yield (HY) corporates, CDX, TRS, MBS, CLOs, CMBS, ABS, and private credit.
• Experience in at least three relevant business areas, including but not limited to: stochastic modelling, statistical and data analysis, investment risk management, return and attribution modelling, asset allocation, portfolio construction, systematic strategies research, and investment/risk technology.

Nice To Haves

• PhD preferred in a quantitative field (e.g., science, mathematics, finance, or engineering).

Responsibilities

• Oversee the research and development of portfolio construction and risk management models and tools.
• Engage with desk heads and portfolio/risk managers to understand business requirements.
• Provide thought leadership in portfolio construction and risk management.
• Create analytical solutions to meet business needs in a fixed income asset management environment.
• Develop a deep understanding of fixed income pricing models, curve fitting models, and structured solutions models.
• Proactively managing a diverse team.
• Build upon existing quantitative research capabilities and infrastructure.
• Build strong relationships while maintaining intellectual independence.
• Lead the design of analytical solutions in a fixed income asset management environment.
• Communicate complex concepts clearly, concisely, and logically.
• Engage with clients as a thought leader in global public and private fixed income investing.

Benefits

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).

What This Job Offers

• Job Type: Full-time
• Career Level: Executive